War Weighs on Iran's Economy as US Intensifies Sanctions

War weighs on Iran's economy as U.S. intensifies sanctions

Washington has warned countries to ‌cut their business ties with Iran or face secondary sanctions, though the Treasury Department stopped short of imposing ‌penalties ⁠against major Iranian trade partners such as China and India,

War weighs on Iran's economy as US intensifies sanctions

By Eman Abouhassira and Yasmine GhaniaDUBAI/CAIRO, Aug 29 (Reuters) - Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35% due to the American sanctions and blockade.

Iran's Khamenei issues call for unity as US economic pressure intensifies

Iranian Supreme Leader Mojtaba Khamenei calls for national unity and stronger public morale as US economic pressure on Tehran intensifies.

War and Sanctions Push Iran's Economy Deeper Into Strain

Tehran (GNP): Iranian leaders are openly acknowledging the economic toll of the country’s six-month war with the United States, with Supreme Leader Ayatollah Mojtaba Khamenei calling on the government to address mounting hardship while President Masoud Pezeshkian reports that foreign trade has shrunk nearly 35 percent due to American sanctions and a naval blockade. The […]